|eCollector - Jan. 29, 2003 | Vol. 4 Number 2|
Gold Hits Six-Year High; Great Auction Action on Dockets
Set Registry Spotlight
Paul Taylor - The Number One Finest 20th Century Gold Major Design Type Set - Circulation Strikes (1900-1933)
The new Canadian Coin Set Registry, live for only two weeks, already has 107 registered sets! If you are a Canadian coin collector using the Registry, please forward all comments and suggestions to [email protected]. We look forward to your feedback!
Gayle Kean and BJ Searls will be at the Long Beach Coin and Collectibles Expo Thursday, February 27th through Saturday, March 1st to meet Set Registrants and answer questions. We will have a live Internet connection to allow you to update your sets while at the show. See us at the PCGS booth. Click here for details.
The Barber Dimes and Barber Quarters have now been weighted. Also, the weighting queue has been updated. You'll find all this information and other updates on the Set Registry News page.
Fun, educational, and sometimes controversial, the PCGS Set Registry Messageboard remains the number one informative coin forum on the Internet. Get involved with other collectors who are currently participating in the Set Registry program or are just beginning. Click here to chat on the Set Registry Messageboard.
The Story of the Origin of PCGS
What is a Type One Gold Dollar? Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.
Subscribe to the online PCGS Population ReportSM for as little as $4.95 a month! Updated weekly, get the latest census data on all coins graded by PCGS. Click here to get a free peek at the population statistics for Indian Head $2 1/2 gold coins.
Our Readers Ask
Question: For a long time I have heard about various groups of anonymous investors who have participated in rare coin funds. Are there any interesting ones operating now?
Answer: In the past, there have been two really big-time Wall Street type funds that bought coins. Both were in the 1990-1992 time period. One was done by Kidder-Peabody and one was done by Merrill Lynch. Both funds were in the $15 million range. Both funds were liquidated shortly after being activated. Interestingly, both funds were launched very near the last big market top.
Merrill Lynch also had several ancient coin funds earlier on.
Throughout the past three decades, there have been several private funds (mostly limited partnerships) of smaller size than the public funds.
Today there are three funds (private... all controlled by the same investor(s) ) and all three funds finance wholesale coin dealers who use a basic strategy of buying really great coins and holding them until they make a trading profit. The funds definitely have an impact on the high-end coin market. They have pretty classic buying patterns... rare gold, high quality 19th-century type coins, etc.
-- David Hall, Professional Coin Grading Service
Join the PCGS Collectors Club ...Enjoy the Benefits!
Online Bidding for Lyn Knight Currency Auctions'
Welcome to the CPMX sale, Lyn Knight Currency Auctions' first sale of 2003. LKCA is excited about this sale and the many rarities it contains, which have either been discovered or rediscovered after many years in collections. These notes and a multitude of other notes make this sale appealing to a wide range of collectors from all over the world and with a variety of budgets. Online bidding for this three-session sale is currently underway! Click here to browse and to bid.
SEE PCGS ON BOTH COASTS!
Long Beach Coin and Collectibles Exposition
Baltimore Coin & Currency Convention
Have your coins graded by PCGS and save on one-way postage! You may submit your coins at the show to all PCGS grading service levels. Your PCGS-graded coins will be mailed to you following the show.
Long Beach Show Dates and Hours: *Wednesday, February 26 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 7 p.m. February 26. Check with the show promoter for access to the facility.
Long Beach Coin and Collectibles Exposition Show Hours are as follows:
Baltimore Show Dates and Hours: March 13 - 16, 2003 (hours to be announced).
For more information about PCGS grading at the shows, call 800-447-8848.